Across the country, states and localities are engaged in an expedited process to determine how to stabilize the communities that have been hardest hit by the mortgage foreclosure crisis.
Serious delinquency rates in metro areas nationwide indicate that more foreclosures are still to come. With numerous vacant properties and more foreclosures on the way, communities are faced with important decisions about how to stabilize neighborhoods. Quick decisions were essential for using the first round of Neighborhood Stabilization Program (NSP) funds, distributed by the U.S. Department of Housing and Urban Development (HUD). A rapid response is still important now -- both for subsequent NSP rounds and for the neighborhoods in need.
To help states and communities make informed decisions about how to engage in
Photo credit: Robb Miller Photography
|Click here to visit Foreclosure-Response.org and learn more about foreclosure prevention and neighborhood stabilization.|